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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
SFGTV: San Francisco Government Television
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we also found out that he plays a big pingpong himself, so we look forward to seeing that. mayor lee, the show is all yours. [applause] mayor lee: thank you, everyone. welcome to city hall, and welcome to our celebration of the 40th anniversary of ping- pong diplomacy. i also want to welcome supervisor eric mar. thank you for being here. i know he has a wealth of chinese residents and residents in the whole district that want to play ping-pong this year. i want to welcome everyone here. our counsel general in china, the head of the table tennis association in china. thank you very much for being here. the wonderful guest from our bay area sports organizing committee and the united states table tennis association. thank you for being here as well. 40 years ago, i was studying really hard in college. i was actually studying about china and wondering where my parents came from and what they were doing in those years and what caused them to come to america and give birth to six kids and start us on our journeys in our own education. now, 40 years later, i find myself year as th
we also found out that he plays a big pingpong himself, so we look forward to seeing that. mayor lee, the show is all yours. [applause] mayor lee: thank you, everyone. welcome to city hall, and welcome to our celebration of the 40th anniversary of ping- pong diplomacy. i also want to welcome supervisor eric mar. thank you for being here. i know he has a wealth of chinese residents and residents in the whole district that want to play ping-pong this year. i want to welcome everyone here. our...
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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a couple of big wars. which instead of everybody being patriotic and really assist the country, we borrow and do it on a credit card. that's a couple trillion dollars. then we have a crash on wall street. another $2 trillion or $3 trillion. that's where the debt came from. i could lay the blame at the feet of the republican leadership and administration, but we are where we are and we've got to deal with it. it's got to be done in a balanced way. both the revenue side of the ledger and the expense side of the ledger. if our goal is to pay down the debt, you need more revenue and you need less expense. it's both sides. you can't just say, we're going to cut, cut, cut. we're going to take it out of medicare, we're going to privatize social security, we're going to eliminate early childhood education. you've got to deal with the expenses and we know that. but you've got to have revenue and in this instance, the republicans say you know what, we're not going to have additional taxes for millionaires and billio
a couple of big wars. which instead of everybody being patriotic and really assist the country, we borrow and do it on a credit card. that's a couple trillion dollars. then we have a crash on wall street. another $2 trillion or $3 trillion. that's where the debt came from. i could lay the blame at the feet of the republican leadership and administration, but we are where we are and we've got to deal with it. it's got to be done in a balanced way. both the revenue side of the ledger and the...
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. >> we know that apple is big but just how big. apple more than doubled it's share of the global cellphone market. shipments. iphone. rivals all lost market share. netflix amazon walmart is talking about streaming video. and google's youtube site a pay paid to rent movie business and now paid movie service made it i'm jane king bloomberg news. >>> this morning the sweet stink of garlic will be in the air at gilroy garlic festival kicks off. more than 100,000 people are expected to attend. you can expect heavy traffic on highway 101 in the gilroy area all weekend but local businesses are reaping the benefits with most hotels sold out. main event is on saturday with a great garlic cook-off. last year they raised more than $270,000 for a local charities. >> you might want to stock up on breath mints. >> you said reeking? >> yeah. >> check in with mike with a look at the weather forecast. >> look at the was cascading clouds as we look southbound from vollmer peak. it's going to be pretty nice. i don't think garlic stinks at all. that i
. >> we know that apple is big but just how big. apple more than doubled it's share of the global cellphone market. shipments. iphone. rivals all lost market share. netflix amazon walmart is talking about streaming video. and google's youtube site a pay paid to rent movie business and now paid movie service made it i'm jane king bloomberg news. >>> this morning the sweet stink of garlic will be in the air at gilroy garlic festival kicks off. more than 100,000 people are expected...
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the water hyacinth plant hopper has a big job to do. it eats water hyacinths, that's a plant also from south america that forms thick mats and blocks boats. the state food and agriculture department has released 5,000 tiny insects in the delta in a private program in order to control water hyacinths. >>> the letter have seven billion people -- the earth will have seven billion people by the end of the year. that's according to an article in "science" magazine. most of the world's population growth is happening in developing country. those countries will have more problems providing enough food, water, housing and energy. the global population has increased by about a billion in just the past 12 years. >>> 4:49 now. tropical storm don is moving towards the texas coast. the storm system is now in the gulf of mexico and is expected to make landfall sometime tonight or early tomorrow morning. and it could actually bring relief to drought-stricken areas there. forecasters do not expect don to reach hurricane strength. >>> and here in the bay
the water hyacinth plant hopper has a big job to do. it eats water hyacinths, that's a plant also from south america that forms thick mats and blocks boats. the state food and agriculture department has released 5,000 tiny insects in the delta in a private program in order to control water hyacinths. >>> the letter have seven billion people -- the earth will have seven billion people by the end of the year. that's according to an article in "science" magazine. most of the...
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Jul 29, 2011
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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i'm a big proponent of regular order. i believe we get the best work product out of this body when we work through regular order and we've done that time and time and time again in this congress and we'll do it time and time again in the future. but today we're faced with a predicament where august 2 is looming on the horizon. now, it's friday, for folks who don't know, we're not going home tonight after work. don't worry, madam speaker, as you know, this house is going to be in full swing tonight, tomorrow morning, tomorrow night , on sunday, on monday to get america through this challenge. but my white house, my president tells me that august 2 is the day by which we must pass a bill and here we are at the last hour to make that happen. now, why are we at the last hour? that was a question my friend from colorado asked and i have the answer. because we didn't actually start this process today. we didn't start it last night in the rules committee, we started this process back in february with h.r. 1, a bill to fund the g
i'm a big proponent of regular order. i believe we get the best work product out of this body when we work through regular order and we've done that time and time and time again in this congress and we'll do it time and time again in the future. but today we're faced with a predicament where august 2 is looming on the horizon. now, it's friday, for folks who don't know, we're not going home tonight after work. don't worry, madam speaker, as you know, this house is going to be in full swing...
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but the rain will be the big deal. here's where it is on the satellite picture. 50 miles an hour winds, heading in this direction, so should be here midnight tonight as far as actual landfall at the center. the expected landfall somewhere between here and brownsville, texas and again most of the action will be overnight tonight and tomorrow. rainfall will be significant, but not as widespread and not as significant as most would like. some of our computer models saying two to four inches. if we can get it all the way to west text texas, even better. over a foot deficit this places like san antonio and austin and houston. places like lubbock and midland have seen virtually nothing as far as what they normally see, so they'll take the rainfall that they can get. there have been evacuations from some of the oil rigs, nonessential person nenel from exxonmobile have evacuated some businesses, but other than that, we're waiting for the storm to arrive. it was around that time last year tropical storm hermine missed the area
but the rain will be the big deal. here's where it is on the satellite picture. 50 miles an hour winds, heading in this direction, so should be here midnight tonight as far as actual landfall at the center. the expected landfall somewhere between here and brownsville, texas and again most of the action will be overnight tonight and tomorrow. rainfall will be significant, but not as widespread and not as significant as most would like. some of our computer models saying two to four inches. if we...
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week of corporate earnings reports on wall street, but every week is a big week for big oil. there's never a shortage of outrage with high gas prices and struggling u.s. economy. this is how much each of these oil giants earned on average per day in profits in this last quarter. america's largest oil corporation, the largest, more rags and production company, exxon mobil, earned more than $117 million per day. in 2010 alone it made $30.5 billion and it is the most profitable company in the world according to rankings from "fortune." royal dutch shell the largest oil company in europe raked in more than $95 million each and every day in the quarter and profits were -- the total profits as we'll see right now, were a lot bigger than that. bp, bouncing back after the oil spill in the gulf last year, the company made about $58 million a day after posting a $5.3 billion profit for the quarter. later this morning, chevron will report its second-quarter profits. the company made $19 billion in 2010, making its third most profitable company in the world. christine? >> all right. that
week of corporate earnings reports on wall street, but every week is a big week for big oil. there's never a shortage of outrage with high gas prices and struggling u.s. economy. this is how much each of these oil giants earned on average per day in profits in this last quarter. america's largest oil corporation, the largest, more rags and production company, exxon mobil, earned more than $117 million per day. in 2010 alone it made $30.5 billion and it is the most profitable company in the...
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charge welcome to the big picture says. let's not forget that we had an apartheid regime right here. i think iraq even funny well. whenever the government says they're going to keep you safe get ready because you're going to make your freedom. for. fun. for the. well it's been called a jet that cannot be matched by any known or projected by it or aircraft a little like the titanic's rhetoric and interesting really it's a little bit of a similar story we're talking about the f. twenty two when it was built the air force was raving about its capabilities however the f. twenty two hasn't been flying anywhere as of late at twenty two that had a number of problems but recent reports say all of them have been grounded until further notice because of this latest thing at this anti-freeze propane oil fumes guess where those were found they were found in pilot's blood the air force figured this out when they noticed the pilots were acting weird they were acting drunk but this is really just the latest blow to the jets it's been tout
charge welcome to the big picture says. let's not forget that we had an apartheid regime right here. i think iraq even funny well. whenever the government says they're going to keep you safe get ready because you're going to make your freedom. for. fun. for the. well it's been called a jet that cannot be matched by any known or projected by it or aircraft a little like the titanic's rhetoric and interesting really it's a little bit of a similar story we're talking about the f. twenty two when...
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look, i think he has lost big. i think what he promised to the american people, he would bring them around the bend. he has taken them down an alley of dismay and demagoguery. i think he will be judged for that in the end. he will be very unhappy. republicans don't look that great right now. leadership, it's often tough politically to lead. you will get bunched. barack obama stays out of this. he doesn't want a black eye. he doesn't want to get hit. >> laura: if republicans eat their own they are not looking too good. looking like the gang that can't shoot straight. it doesn't help them in this at all. leslie, here is where we are right now with the president. he didn't come out with his own plan, we didn't hear from him for the longest time on this issue. and suddenly even media folk, not just ed henry but others are asking okay, what about your ideas? what about your plan? and he looks like for the longest time he was m.i.a. on leadership. that is what has also frustrated a lot of these democrats on capitol hill.
look, i think he has lost big. i think what he promised to the american people, he would bring them around the bend. he has taken them down an alley of dismay and demagoguery. i think he will be judged for that in the end. he will be very unhappy. republicans don't look that great right now. leadership, it's often tough politically to lead. you will get bunched. barack obama stays out of this. he doesn't want a black eye. he doesn't want to get hit. >> laura: if republicans eat their own...
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tax cut, two big war, a big tax cut, prescription bill that wasn't -- we had a guy on last night that showed almost half the federal debt was caused by bush over the eight years in office. that's serious business. >> everybody loves blaming president bush. >> i just did it. by the way -- >> you can blame anybody you want. who's been in office the last and a half years and doesn't want to correct the problem? place the blame where it is and it falls on both sides of the aisle. >> that was a totally -- >> the president doesn't want to put a plan in place. we've got fix the problem and it's not done by raising taxes. the problem is washington spends too much money. you don't solve that problem by sending washington more money and job killing taxes. you start controlling spending. >> i've heard you say over and over, a $14 trillion debt. half caused by bush. you can't just talk than when he left us with the problem. >> we're here solving the problem and president obama doesn't want to address it. doesn't want to put a plan in writing. we're sending another plan tonight. when will they sta
tax cut, two big war, a big tax cut, prescription bill that wasn't -- we had a guy on last night that showed almost half the federal debt was caused by bush over the eight years in office. that's serious business. >> everybody loves blaming president bush. >> i just did it. by the way -- >> you can blame anybody you want. who's been in office the last and a half years and doesn't want to correct the problem? place the blame where it is and it falls on both sides of the aisle....
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and so i mean -- so we got another problem right on the heels of that or another big fight. and the president's budget that he did propose went down 97-0 in the senate, even his own team voted against it. >> right. >> so that didn't work. weedon have a budget now. the republicans say that he hasn't submitted a plan for raising the debt ceiling and now we have got this problem coming up at the end of september. what he is doing on this management of the economy or on the treasury? >> well, first let me explain what is going to happen on tuesday if there is no debt limit increase. the treasury will get $200 billion of revenue during the month of august and we will have to spend $300 billion. and because it won't be able to borrow the extra hundred, about $00 billion of government spending will have to be canceled and that will result in closure of many of the agencies of government. but there will still be $200 billion left that is there and social security costs about 60. defense about 60. debt service on the money we owe about 25. so you can spend all of that and still have
and so i mean -- so we got another problem right on the heels of that or another big fight. and the president's budget that he did propose went down 97-0 in the senate, even his own team voted against it. >> right. >> so that didn't work. weedon have a budget now. the republicans say that he hasn't submitted a plan for raising the debt ceiling and now we have got this problem coming up at the end of september. what he is doing on this management of the economy or on the treasury?...
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i mean, the big difference between them... >>. >> rose: she was more hard line than he was and it'said she is even today in the councils of government. that she was more allied with bob gates than she was... >> yeah, that was the big difference during the campaign between them and that was what got oba doing soell in iowa was his rly opposition. >> rose: she supported the war even though it was just based on a speech that he'd written. so the last question is what's it going to take so that this is no longer true? >> think that it's going to be with us, charlie, for a very, very long time. and the reason i say that is that as the years go by it isn't that apresident has to think about vietnam, because vietnam has now insinuated itself int the d.n.a. of every presidt. now you think of code words. you think out having a clear exit strategy. >> rose: right. >> of giving clear instructions to the military. what are you really saying? you're really saying "i don't want another vietnam," but you don't articulate the word. you live the thought, the very essence of it. and that essence is now
i mean, the big difference between them... >>. >> rose: she was more hard line than he was and it'said she is even today in the councils of government. that she was more allied with bob gates than she was... >> yeah, that was the big difference during the campaign between them and that was what got oba doing soell in iowa was his rly opposition. >> rose: she supported the war even though it was just based on a speech that he'd written. so the last question is what's it...
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i can't believe i'm endorsing a book when i'm in a big fight with you here. juan, here is the problem and we went over this with rand paul. all of these bills short of cut, cap and balance all of them and you can't tell me what the president's plan is because he didn't have the courage to come forward with one. he didn't do what the republicans did because i think he is in over his head, he is weak and not a leader. that aside -- >> okay. >> thank you for con ceding that point. >> i didn't but go right ahead. >> sean: the republicans have put forward their plan and with all of these plans short of cut cap and balance and what rand paul and i were talking about tonight, we are still increasing spending 8% a year. we are -- not only are we taking a sledge hammer to our kids piggy banks we are taking a bulldozer to freedom our constitution and their future opportunity and that is why this matters. we get this right now. and that is why the president shut should have led. >> let me say this to you, the president has been leading and the president has been trying
i can't believe i'm endorsing a book when i'm in a big fight with you here. juan, here is the problem and we went over this with rand paul. all of these bills short of cut, cap and balance all of them and you can't tell me what the president's plan is because he didn't have the courage to come forward with one. he didn't do what the republicans did because i think he is in over his head, he is weak and not a leader. that aside -- >> okay. >> thank you for con ceding that point....
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big spread from sausalito at 70. santa rosa at 82. to ukiah near hundred degrees today. 68 in monterey and sunshine and mid-80s around santa cruz to low to mid 90s. big game at the coliseum, not only are the twins in town but fireworks tonight. mostly clear, 65 dropping down to 60 by the time the fireworks blast off. tonight you can see the clouds around the bay, the coast and north bay like it was this morning with mid to upper 50s, even a 62 in antioch. jetstream is well to the north. we're going watch high pressure to our south push the warm weather through the central valley and into the east bay valleys. it's because we still have a sea breeze during the weekend, looks like most of us will stay relatively mild. the closer you get to the central valley warmest it's going to be. heading up to tahoe or yosemite, chance of thunderstorms not only today but through the weekend. >> seven-day forecast, note those temperatures inland, flirlgt with 90 and upper 70s around the bay and low to mid-50s around the coast. >>> thanks, mike. >>> a
big spread from sausalito at 70. santa rosa at 82. to ukiah near hundred degrees today. 68 in monterey and sunshine and mid-80s around santa cruz to low to mid 90s. big game at the coliseum, not only are the twins in town but fireworks tonight. mostly clear, 65 dropping down to 60 by the time the fireworks blast off. tonight you can see the clouds around the bay, the coast and north bay like it was this morning with mid to upper 50s, even a 62 in antioch. jetstream is well to the north. we're...
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that is the big question, right now. bill: that is clearly the biggest story of the morning, and there is more to talk about, though, alarming new information that al qaeda might be plotting an attack with a weapon of mass destruction. how real is that threat? and where is it coming from? martha: and a massive search is underway for this 11-year-old girl from new hampshire. we'll tell you who is joining in the investigation, today. taking on a whole new twist. >> it is a very scary thought that she is not going to come home and all we want is to see her again and have her back again with her family where she belongs. sweetie i think you need a little extra fiber in your diet. carol. fiber makes me sad. oh common. and how can you talk to me about fiber while you are eating a candy bar? you enjoy that. i am. [ male announcer ] fiber beyond recognition. fiber one. a living, breathing intelligence that's helpi drive the future of business. in here, inventory can be taught to learn. ♪ machines have a voice. ♪ medical hist
that is the big question, right now. bill: that is clearly the biggest story of the morning, and there is more to talk about, though, alarming new information that al qaeda might be plotting an attack with a weapon of mass destruction. how real is that threat? and where is it coming from? martha: and a massive search is underway for this 11-year-old girl from new hampshire. we'll tell you who is joining in the investigation, today. taking on a whole new twist. >> it is a very scary...
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winning the speculators have been able to borrow money at near zero percent the savers have been the big losers there are a lot of people who are in the savers camp who want to see the u.s. to fault because this would mean that the bond market would crash but the yield on their savings would go up same thing for gold which is where a lot of people have run now in this war and gold prices have been telegraphing this catastrophe for ten years gold prices continue to hit new all time highs and the people who own gold are really love in this because they're going to see price of gold continue to skyrocket so that's why you think that washington has a is not involved in this whole thing i mean the easy thing to be saying that really this is enough made by wall street here. well washington is a peripheral player now we see this all over the world whether it's i.m.f. is now pulling the strings in europe they're also pulling the strings in washington christine legarde as a matter of fact said there's a new chief of the i.m.f. that the extraordinary exude the extraordinary privilege of the extrav
winning the speculators have been able to borrow money at near zero percent the savers have been the big losers there are a lot of people who are in the savers camp who want to see the u.s. to fault because this would mean that the bond market would crash but the yield on their savings would go up same thing for gold which is where a lot of people have run now in this war and gold prices have been telegraphing this catastrophe for ten years gold prices continue to hit new all time highs and the...
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clean is the best way to do this, the traditional way to do this, to where we are now, which is how big a deficit reduction package should accompany it? >> well, as i think the speaker of the house is discovering tonight and is the reality that we all live with here in washington, lawrence, which is that this is a divided government. a two-party system. nobody gets entirely what he or she wants. and, yes, if we had been doing this in the normal way, as has been historically done, there would have been a clean debt ceiling vote, which traditionally has been an unpleasant vote often for members of congress, but routine and noncontroversial and certainly not tied to any kind of deficit reduction package or any other measure for that matter. what happened is that the speaker of the house made clear that -- and republicans in general that they were linking the willingness to raise the debt ceiling to significant deficit reduction. as you know, for a long time, we rejected the link. but because we believe we need to reduce our deficits and get our debt under control. we also worked concurrent
clean is the best way to do this, the traditional way to do this, to where we are now, which is how big a deficit reduction package should accompany it? >> well, as i think the speaker of the house is discovering tonight and is the reality that we all live with here in washington, lawrence, which is that this is a divided government. a two-party system. nobody gets entirely what he or she wants. and, yes, if we had been doing this in the normal way, as has been historically done, there...
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big night in baseball tonight. >> oh, very big night. thank you very much. the a's offensive outburst, and this. could the giants do the same with the addition of their mega ion the way.tion, carloay [ female announcer ] what's so great about jcp cash? no exclusions! with jcp cash, earn ten dollars off when you spend just twenty-five storewide. and unlike other stores, we don't make you come back to save. get ten dollars off with no exclusions! we make style affordable, you make it yours! jcpenney. no exclusions! with jcp cash, earn ten dollars off when you spend just twenty-five storewide. and unlike other stores, we don't make you come back to save. get ten dollars off with no exclusions! we make style affordable, you make it yours! jcpenney. >>> oh, my goodness, they have a new star player, the giants might never lose again. here's jim with sports. you like that? >> that was a brilliant tease. are you kidding me? let's get it going, giants busy making that news. first, it was the acquisition of carlos beltran from the mets and they against the phils. the
big night in baseball tonight. >> oh, very big night. thank you very much. the a's offensive outburst, and this. could the giants do the same with the addition of their mega ion the way.tion, carloay [ female announcer ] what's so great about jcp cash? no exclusions! with jcp cash, earn ten dollars off when you spend just twenty-five storewide. and unlike other stores, we don't make you come back to save. get ten dollars off with no exclusions! we make style affordable, you make it yours!...
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they're going to protect the big three. they want some revenue increases although the two plans on the table don't have that. so we still could be a long way from some kind of conclusion. obama associate told me today that if the president had an extension come to his desk, he feels that president would be obligated to sign it. what's the president going to do? not sign an extension? let the economy default? that's not a very good option. joining us now live from capitol hill, house minority whip steny hoyer of maryland. congressman, great to have you with us tonight. it has been a whirlwind of news. i'll just ask you straight up, what can you tell us at this hour? where are we? >> i think what we're seeing, ed, is a stark example of why we could not no matter what we did come to a compromise with the republicans. their leader wanted to do that. but the party of no is saying no to their own deal. the party of no is putting at risk the american taxpayer, the american family and america itself. i think the american public has
they're going to protect the big three. they want some revenue increases although the two plans on the table don't have that. so we still could be a long way from some kind of conclusion. obama associate told me today that if the president had an extension come to his desk, he feels that president would be obligated to sign it. what's the president going to do? not sign an extension? let the economy default? that's not a very good option. joining us now live from capitol hill, house minority...
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see some other part of it and realize that everything is ok if you don't i'm trying hard luck in the big picture. let's not forget that we had an apartheid museum right leg i think iraq is needed and wanted well. whenever government says they're for keeping safe get ready because you're going to her freedom. for food. for. i. right it is time for show and tell last time we wanted to get your take on what is going on with the debt ceiling here in washington so we asked you who you think is to blame for the current stalemate on capitol hill well it's you he said let's go to producer patrice and assented to see what you had to say. ladies and gentlemen citizens of all ages what we have here is a circus a media circus with an elephant and a donkey and death defying high wire while all of us in the audience scramble from side to side hoping whatever falls it doesn't hit us on the head it's a dangerous act we're only the audience can be badly hurt. so why real here and whose fault is it anyway well about half of your response is put the blame on just one political party like saeed who believes
see some other part of it and realize that everything is ok if you don't i'm trying hard luck in the big picture. let's not forget that we had an apartheid museum right leg i think iraq is needed and wanted well. whenever government says they're for keeping safe get ready because you're going to her freedom. for food. for. i. right it is time for show and tell last time we wanted to get your take on what is going on with the debt ceiling here in washington so we asked you who you think is to...
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but mining stocks with big drags here. we have rio tinto. financials fell. >> you know, ramy, we've been so preoccupied by what's happened in washington that sometimes it's easy to lose sight of the fact we are in the midst of earnings seasons. we've had reports across the region. >> nintendo, they slashed their full year's forecast earnings by a whopping 82%. that's because gamers aren't so interested in their handheld 3-d game players which came out five months ago. that would be the 3-ds. that's the biggest fall in the past two decades. you're looking at a year to date. nintendo share prices dropped a whopping 47%. it's a similar story, not so bad for sony. they cut its profit estimate for the year by about 25%. this was yesterday. that's because of weak demand for tvs like this bravia over in the u.s. and europe. sony's share price year to date has also dropped by about 35%. but, you know, it's not all doom and gloom. they say its net income surged to about $1.31 billion. this is for the six months to may. forecasters had been -- forecas
but mining stocks with big drags here. we have rio tinto. financials fell. >> you know, ramy, we've been so preoccupied by what's happened in washington that sometimes it's easy to lose sight of the fact we are in the midst of earnings seasons. we've had reports across the region. >> nintendo, they slashed their full year's forecast earnings by a whopping 82%. that's because gamers aren't so interested in their handheld 3-d game players which came out five months ago. that would be...
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you know filed on the debt would be default on the debt would be a big crisis payment produce zation that forced the government because cut spending would hurt the economy even if we didn't default and then somewhere below that i would put the aaa rating is kind of it should be down there on people's concerns i think ok so what do you think wall street is concerned about most when you know their banks have come out warning obama and congress to reach a deal. very soon they say that this is a very grave danger is if that agreement isn't reached and they point out a number of things they name all of the things that you just did what do you think that they're most concerned about and you know do they really think that this is going to be such a bad situation or are they looking out for their own interests and talking their own books. i think it's a bit of both i think if they're worried that it could get to a situation in which maybe there is an actual default on coupon payments and that would be a probably catastrophic it could easily start a banking crisis and unlike the last banking
you know filed on the debt would be default on the debt would be a big crisis payment produce zation that forced the government because cut spending would hurt the economy even if we didn't default and then somewhere below that i would put the aaa rating is kind of it should be down there on people's concerns i think ok so what do you think wall street is concerned about most when you know their banks have come out warning obama and congress to reach a deal. very soon they say that this is a...
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>> well, this has become a very big subject in the law professor world. the 14th amendment is one of the most familiar parts of the constitution, guarantees due process of law, equal protection of the law. but there is frankly a provision in section 4 that i have never paid any attention to before. and it goes like this. section 4 of the 14th amendment said "the validity of the public debt of the united states shall not be questioned". now, i don't know exactly what that means. i don't think anybody knows precisely what that means. but it has been suggested that under that provision, president obama could simply order that the debt be paid and that this crisis be forestalled. he has mostly reject that option, but as far as i've read their statements, they have not completely rejected that option. obama has always said, look, i think this should be dealt with by congress, not by unilaterally under the 14th amendment. but under my reading of their statements, they haven't completely ruled out in a total crisis situation invoking the section of the amendment
>> well, this has become a very big subject in the law professor world. the 14th amendment is one of the most familiar parts of the constitution, guarantees due process of law, equal protection of the law. but there is frankly a provision in section 4 that i have never paid any attention to before. and it goes like this. section 4 of the 14th amendment said "the validity of the public debt of the united states shall not be questioned". now, i don't know exactly what that means....
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now, i get a big kick out of this "time" magazine, "the new new deal." using the financial crisis of 2008 and 2009, he was going to transform the united states into a european-style social democracy. businesses and the individuals who start them would no longer be free entities with property rights. they would be arms of the state that exist for the purpose of funding ever-expanding welfare programs. taxation would no longer be a necessary evil with citizens and businesses recognizing a legal duty to pay what was owed but understanding that they were ceding their property rights to the government to provide for certain public goods. instead, businesses and tax-paying citizens would be obligated to share their wealth with the state. and because the progressives running the administration do not believe in natural rights to liberty and property because they think everything -- everything a family or business makes is, in fact, due only to the largeess of the state, paying taxes is no longer something that somebody done but something people should want to d
now, i get a big kick out of this "time" magazine, "the new new deal." using the financial crisis of 2008 and 2009, he was going to transform the united states into a european-style social democracy. businesses and the individuals who start them would no longer be free entities with property rights. they would be arms of the state that exist for the purpose of funding ever-expanding welfare programs. taxation would no longer be a necessary evil with citizens and businesses...
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we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the republicans? i think we need you to join with us. specifically, what are they saying? >> this is very important. this is the only thing that can happen. then we hear a word that may be tabled in the senate, again. my concern is with the senate that refuses to vote on any plan. the balanced budget amendment has to be done. when we hear about downgrades and defaults, my concern is a bill like this is not good enough to avoid a downgrade. >> is there anything that would satisfy you now? if the speaker said i need to know what you want, what do yo
we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the...
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they will have a big meeting in our building about this. another question -- i get paid on the first and the third. already --checks even if it goes down and they are scared everyone sells security, we will not get their checks. host: a couple of veterans call this morning and said that their military pay has already come through. we are waiting outside the senate with reporters gathered to hear from democratic leaders. you can see harry reid is speaking on the senate floor now on c-span 2. once he is done, he will come out in front of reporters and take questions and possibly other leaders. while we wait for that to happen, we will continue with your calls. caller: texas, democrats line, go ahead. ason't know what is going on far as the welfare system. host: you are breaking up but it is tough to understand so we will let you go. in washington, republican line, what is your town? caller: parkersburg, west virginia. i am watching best. this. i don't think people understand that we have not had a budget for two years before this. we need a b
they will have a big meeting in our building about this. another question -- i get paid on the first and the third. already --checks even if it goes down and they are scared everyone sells security, we will not get their checks. host: a couple of veterans call this morning and said that their military pay has already come through. we are waiting outside the senate with reporters gathered to hear from democratic leaders. you can see harry reid is speaking on the senate floor now on c-span 2....
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that is b-b-billion with a b, as in a mighty big number. we lost $32 billion just waiting around for the chance to go. say what you want about tax breaks for the rich. but if you're stuck in traffic, your mercedes is stuck right along next to my chevy. and heaven forbid that a bridge falls down, because we are all in this together. rich, poor, whatever. infrastructure is like that. it's the ultimate expression of collective will, where everyone pays and everyone benefits. we are, after all, stakeholders in our nation. if stuff like a water main breaks, you can go ahead and think of that water main as your water main, because it is. and what if we left the stuff that we own, our stuff, just fall apart? now, we have been talking on this show about happens if congress lets america default on its debt. if they create a situation where america can't pay its bills. the bipartisan policy center has scenarios for that. and the first of them is that we would cut off $5.6 billion for stuff like highways and trains and airports. think about the long-t
that is b-b-billion with a b, as in a mighty big number. we lost $32 billion just waiting around for the chance to go. say what you want about tax breaks for the rich. but if you're stuck in traffic, your mercedes is stuck right along next to my chevy. and heaven forbid that a bridge falls down, because we are all in this together. rich, poor, whatever. infrastructure is like that. it's the ultimate expression of collective will, where everyone pays and everyone benefits. we are, after all,...
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downturn has meant big bust for india's economy. meaning it's friday july twenty ninth five pm here in washington d.c. i'm lucy catherine if any watching our t.v. now unfortunately the debt standoff still continues there have been minute little developments here and there on capitol hill but at the end of the day longer still do not have a deal and we are closer and closer to d.-day for the august second deadline and so the united states according to tim geithner at least is ready to default now. unfortunately some of the developments that we've been seeing are not optimistic here moody's just came out today saying that regardless of whether reid and boehner plans work out whether the congress is actually able to pass those plans that cut the deficit they will still lead to a negative outlook outlook on a triple a rating now as lawmakers continue to struggle to get their act together here in washington d.c. we saw president obama come out earlier saying hey guys maybe if the american people tweet at congress enough we can get our ac
downturn has meant big bust for india's economy. meaning it's friday july twenty ninth five pm here in washington d.c. i'm lucy catherine if any watching our t.v. now unfortunately the debt standoff still continues there have been minute little developments here and there on capitol hill but at the end of the day longer still do not have a deal and we are closer and closer to d.-day for the august second deadline and so the united states according to tim geithner at least is ready to default...
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. >> reporter: a big one. how big? an estimated thousand feet of wire. >> they're stripping the wire too. not only are they cutting it they're taking the plastic off, throwing it away and keeping the cooper. >> reporter: this crew of criminals comes in, slices the cooper cable. rips it out and it only takes about 15 to 20 minutes and this crime it's not the first time it's happened. six schools have been hit this summer. >> what that's telling me right now is that it's gotten our attention. >> reporter: franklin middle school last night, the list goes on and the tab goes up. losses are estimated at $100,000. but who? who's committing these crimes in the middle of night. mel jordan has an idea. >> electricians, they have to be familiar about how when you see the work they just basically now how to cut it and pull. it could even be plumbers. >> reporter: the distribute says it is reviewing surveillance video and it's also offering a reward for information that leads to an arrest and conviction. in vallejo, mike mibach. >
. >> reporter: a big one. how big? an estimated thousand feet of wire. >> they're stripping the wire too. not only are they cutting it they're taking the plastic off, throwing it away and keeping the cooper. >> reporter: this crew of criminals comes in, slices the cooper cable. rips it out and it only takes about 15 to 20 minutes and this crime it's not the first time it's happened. six schools have been hit this summer. >> what that's telling me right now is that it's...
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and the big question is, what is going to be the ideology? what are going to be the values if they start leading the part of the world? are we still going to have the deep commitment with democracy, with freedom, with equal opportunities to everybody? so where are we going to be leading the dream of the founding fathers of this nation? >> it's a very worrying time. it's a dangerous time as you say for the world's economy. when you see the politicians on both sides, democrat and republican, squabbling now, trading insults and all the rest of it with such a serious situation so close, what do you think of that? >> dangerous game that is being played here. and you know, in mexico i think and in part of latin america that the presidential system as we know it is over. i think -- are going to be the future. there you don't have this kind of situation. everybody's forced to work towards cohesiveness, towards agreements. i think it's much better. in our presidential library, one of the ideas we're promoting strongly is to let people know, public opi
and the big question is, what is going to be the ideology? what are going to be the values if they start leading the part of the world? are we still going to have the deep commitment with democracy, with freedom, with equal opportunities to everybody? so where are we going to be leading the dream of the founding fathers of this nation? >> it's a very worrying time. it's a dangerous time as you say for the world's economy. when you see the politicians on both sides, democrat and...
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and billionaire progressive presses want to contribute conservatives want to make off with a big profit and the very very ugly tea party congressman joe walsh walsh is bashing the president and encouraging our nation to default on its debts because he's busy not meeting his own obligations namely pain child support ex-wife claims he owes over one hundred thousand dollars and paid child support walsh argues they're never going to pay up and he did go on a couple overseas mackaye sions with his new girlfriend and he found enough cash to live on his campaign thirty five thousand dollars as attorney is defending his client saying joe walsh hasn't been a big time wage earner politician until recently he's no more problems with child support than any other arab ridge god that's his defense yeah i'm not paying child support but i'm not as bad as your average decreed. we stop listening to the tea party's fiscal advice from their own members hand and seize it's very very. after the break something is sucking away american manufacturing but you know what it is and why it's the real crisis congres
and billionaire progressive presses want to contribute conservatives want to make off with a big profit and the very very ugly tea party congressman joe walsh walsh is bashing the president and encouraging our nation to default on its debts because he's busy not meeting his own obligations namely pain child support ex-wife claims he owes over one hundred thousand dollars and paid child support walsh argues they're never going to pay up and he did go on a couple overseas mackaye sions with his...
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we have a big, big government, susan, that we can't afford. this, i would argue, is all of our fault. it's not just members of congress' fault. it's all americans' fault, because we've let it get to this point. so now we're all sort of uncomfortable because we've got to make some difficult decisions. we all have to act like grown-ups. host: there are a number of stories about the president and the options available to him. here's just one in the "financial times." it says, obama faces legal dilemmas as time runs out. there are discussions about whether he can issue an executive order about the debt ceiling or use the 14th amendment to the constitution. if the president chooses to act independently, what would your reaction be? >> i'd be very disappointed. i think most of congress would be disappointed. i hope he wouldn't do this. with an issue this big, which is just a step in our debt crisis, i think the solution has to be a solution that most american people, again, reflected by this body up here, support. it would be very dangerous, i think
we have a big, big government, susan, that we can't afford. this, i would argue, is all of our fault. it's not just members of congress' fault. it's all americans' fault, because we've let it get to this point. so now we're all sort of uncomfortable because we've got to make some difficult decisions. we all have to act like grown-ups. host: there are a number of stories about the president and the options available to him. here's just one in the "financial times." it says, obama faces...
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now that is a big difference so is this proof that norway's rehabilitation approach for prisoners is actually working i'll let you decide for yourself but i want to go back to the media coverage i want to be clear i do not think that any man who has massacred innocent people should go unpunished i think that breivik should base the most serious repercussions for what he has done if convicted but for the new york daily to be disappointed that the norway bomber will not be raped in prison that should maybe raise eyebrows i understand that people are in pain and morning after the horrific tragedy and oslo but this is to feed a little of the purpose of showing your humanity to mourn something like this when at the same time you're beginning to lose your own sense of it by suggesting a prisoner should be raped perhaps it's time for an ethics check here but i think it's safe to say that the daily crossed the line it's time. now as the debate eclipses all other battles do not forget that yes we are still out war the united states is still at war and those wars and us defense spending are in
now that is a big difference so is this proof that norway's rehabilitation approach for prisoners is actually working i'll let you decide for yourself but i want to go back to the media coverage i want to be clear i do not think that any man who has massacred innocent people should go unpunished i think that breivik should base the most serious repercussions for what he has done if convicted but for the new york daily to be disappointed that the norway bomber will not be raped in prison that...
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so they're warning the u.s., be careful. >> that is a big deal, pushing us into recession is a big problem. zain, thank you very much. we'll chat with you later. >>> on this day in history back in 1981 i thing you remember this. prince charles and princess diana were married. for those of you keeping track of it. prince william and kate middleton celebrating their three-month anniversary today. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile. ♪ and 80,000 patents later, we're still reinventing it. ♪ it's no coincidence that the oldest car company has the youngest and freshest line in the luxury class. mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers on the c-class. ♪ >>> good morning. it's july 29th. this is your a.m. "wake-up call." i'm ali velshi. it's 46 minutes after the hour now. about that vote on thursday, it didn't happen. congress made a liar out of me. there could be a vote today unless there isn't a vote today. here's the current u.s. debt ceiling. $14.3 trillion. i know that. i also know tuesday's deadlin
so they're warning the u.s., be careful. >> that is a big deal, pushing us into recession is a big problem. zain, thank you very much. we'll chat with you later. >>> on this day in history back in 1981 i thing you remember this. prince charles and princess diana were married. for those of you keeping track of it. prince william and kate middleton celebrating their three-month anniversary today. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile....
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that big blob you can see is still off the texas coast. it looks like it's going to make landfall just around the brownsville area, maybe the center of the storm, such as it is, just a little to the north of brownsville. officially they're suggesting that the bulk of the storm over the coast as you can see there, saturday, tonight, into tomorrow, about 2 a.m maximum winds currently at 65 miles per hour. but sustained winds at 50 miles per hour. the good news is that a lot of people down there need the rain and it will bring plenty of that. thankfully not hurricane strength winds. meanwhile, current temperatures coast to coast, a lot of 50s out west. good morning, folks, out in san francisco. 57 right now there. in the east coast, temperatures in the 80s. approaching the 90s. in fact, raleigh-durham, north carolina, later today that area will top out at about 100. same thing for dallas, even further north of that for phoenix, arizona. meanwhile, call him top dog. all morning we've been telling you the story of dozer the golden doodle. the p
that big blob you can see is still off the texas coast. it looks like it's going to make landfall just around the brownsville area, maybe the center of the storm, such as it is, just a little to the north of brownsville. officially they're suggesting that the bulk of the storm over the coast as you can see there, saturday, tonight, into tomorrow, about 2 a.m maximum winds currently at 65 miles per hour. but sustained winds at 50 miles per hour. the good news is that a lot of people down there...
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letter mary whatever what's fascinating is that the catholic church like this is still one of their big core things when they're telling people not to do it don't use condoms and be gay and there you have it everything where it happens in florida we're going to have to leave it at that this has now turned to let it got rid of all the gay people that's what they say that's a test that can say anything after that because that's it for tonight show thanks for tuning in make sure to come back tomorrow alex i swallowed from think progress will be joining us for happy hour and coming up next is adam versus the man. the. last time the close of team was in the cool gum region where men flock from all over the world to out a few centimeters to their self-confidence. this time are two goes to the on the region. for the gold rush still gets people hiked oak brook. for an ancient tribal fights to save its culture. where cranes are protected in the first of the only unofficial nature reserve. locals to be on the ridge of. russia close up on r.t. . twenty years ago the largest country in the world to
letter mary whatever what's fascinating is that the catholic church like this is still one of their big core things when they're telling people not to do it don't use condoms and be gay and there you have it everything where it happens in florida we're going to have to leave it at that this has now turned to let it got rid of all the gay people that's what they say that's a test that can say anything after that because that's it for tonight show thanks for tuning in make sure to come back...
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to send in your questions comments rants and observations about anything we talk about here on the big picture or during my radio show and it's my chance to give you my take on it one more time our first comments are night as opposed from our facebook page top shirt a quote from a speech given by president dwight eisenhower in one nine hundred fifty two should any political party attempt to abolish social security unemployment insurance and eliminate labor laws and farm programs you would not hear that party again in our political history. and change this is exactly what today's republican party is trying to do and as nancy pelosi pointed out this morning the strategy has very little to do with being concerned about the nation's deficit problem i believe the real reason it didn't they didn't connect is because the republicans all along had a deficit reduction and an excuse for the unraveling of progress made for the middle class of the past fifty years if you believe in that the education of our children in. the creation of jobs. in one way you couldn't possibly know for the bill the r
to send in your questions comments rants and observations about anything we talk about here on the big picture or during my radio show and it's my chance to give you my take on it one more time our first comments are night as opposed from our facebook page top shirt a quote from a speech given by president dwight eisenhower in one nine hundred fifty two should any political party attempt to abolish social security unemployment insurance and eliminate labor laws and farm programs you would not...
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Jul 29, 2011
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there's big battles over the budget. the democrats are getting push back because they went along with governor chris christie. they just slashed benefits for state employees. it's got to be a topic that come ups again if you're elected. how would you move forward on that knowing on the one hand you have state employees who want their benefits in the other, new jersey has the highest property taxes in the nation. >> we know we have the highest property taxes. with the governor slashing the communities it's raising the taxes in those communities. what we need to do is understand that i am 100% for collective bargaining. we fortunate have a situation where that grandfathers in and goes away. the future is now new jerseyians coming together making sure that we continue to push our good schools. we have great schools in jersey. my biggest thing is we have to strive to be the best. we're cutting women's services and all these areas. the reality is that's just passing it on to someone else. >> we were talking about why you chos
there's big battles over the budget. the democrats are getting push back because they went along with governor chris christie. they just slashed benefits for state employees. it's got to be a topic that come ups again if you're elected. how would you move forward on that knowing on the one hand you have state employees who want their benefits in the other, new jersey has the highest property taxes in the nation. >> we know we have the highest property taxes. with the governor slashing the...